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INDIVIDUAL -
BUSINESS -
INFORMATION
29
Mar '23
House insurance House insurance, otherwise known as homeowners insurance, covers your home, property, and personal belongings inside your home from damages and natural disasters. When you purchase house insurance, you agree to pay premiums to your insurance provider in exchange for financial protection against covered losses. Your mortgage company often requires house insurance to protect them financially if your home experiences any damages. When disaster strikes, many people can’t afford to replace items or rebuild structures alone, so home insurance is essential to help you shoulder the brunt of these costs. [...]
27
Mar '23
What is covered by homeowners insurance? Knowing what your homeowner's insurance covers often requires reading the small print of your policy. Even though all home insurance coverage is different, almost all policies share similarities and have coverages in common. Homeowners insurance typically protects you financially from damages related to your home and its contents. Whether your house is burgled or a fire causes irreparable damages, a homeowners' insurance policy can pay for repairs, replacements, or rebuilding of the structure altogether. [...]
26
Mar '23
Life insurance when buying a house Life insurance might have been one of the last things on your mind, but if you are in the process of buying a house, it’s the perfect time to find out whether you need it or not. This guide examines everything you need to know about life insurance when buying a house. Table of contents What type of life insurance do I need? [...]
25
Mar '23
How many life insurance policies can you have? If you already have life insurance but think you need more coverage, you may wonder whether getting more than one life insurance policy is possible. You are allowed to carry more than one policy, but that doesn’t mean you need to have many. It’s sometimes best to have a single policy that meets all of your needs. On the surface, having more than one policy sounds like a great idea, but there are times when it’s not necessary to have multiple policies. [...]
24
Mar '23
House cleaning insurance Mistakes and accidents can be an unpleasant surprise in a haze of dusting, sweeping, and cleaning products. But these mishaps don’t have to derail your work schedule and business. Whether you work independently or as part of a team, cleaning insurance protects you against unexpected costs. This guide to insurance for house cleaners will examine all you need to know about house cleaning insurance. Table of contents [...]
23
Mar '23
Using health insurance for car accident bills Many car accident victims want to know whether their health insurance covers car accident injuries. In short, your health insurance can cover car accident claims, but how and when your policy takes effect is dependent on several factors. Most health insurance plans cover bills for injuries sustained in car accidents, but restrictions will apply based on individual policy limits and provisions. [...]
22
Mar '23
Workers' compensation insurance in 2023. What is workers' compensation insurance? Employers are legally obligated to ensure that their workplaces are safe for their employees. Nevertheless, accidents do happen. When accidents do occur, workers' compensation insurance provides coverage. Workers' compensation pays vital benefits to employees when they are injured or sick resulting from working for their employer. This guide to workers' compensation insurance will cover what it is and why small businesses and contractors need it. [...]
21
Mar '23
Student house insurance In short, student house insurance (also called student contents insurance) protects your belongings while you are living on university premises. If you’re a first-year student staying in university accommodation, you may already have contents insurance through your accommodation provider. However, you need to find out if this is the case. In this guide, we will help you ask the right questions and discuss everything you need to know about student house insurance. [...]
21
Mar '23
Hazard insurance An integral part of buying a house is determining what kinds of insurance coverage you need. In the selection you choose, you may need to purchase hazard insurance. Although it is necessary in many cases, hazard insurance isn’t a common choice, and many people don’t know why they might need it. If you’re confused about hazard insurance and what it can do for you, our guide will tell you everything you need to know. [...]
20
Mar '23
House renovation insurance Your homeowners' insurance premiums depend on factors like your home's size, condition, and location. Furthermore, the cost to rebuild your house also determines the amount of your home insurance, so what happens if those factors change? Suppose you add an extension or update the fittings in your bathroom. Will your homeowners' insurance cover renovations? If you plan to renovate your home, here's what you should know about house renovation insurance. [...]
20
Mar '23
How to negotiate a settlement with an insurance claims adjuster Whether you’ve been in an auto accident, had your car stolen, or it has been otherwise damaged, you will need to file a car insurance claim with your insurance company. As you take the necessary action to be compensated fairly, negotiating a better settlement on your car insurance claim can be stressful. The insurance adjuster’s role is to resolve the claim as quickly as possible and as cheaply as possible for the insurance company. [...]
19
Mar '23
Inland marine insurance Contrary to what is suggested by its name, inland marine insurance isn’t designed for boats. Its name derives from “ocean marine insurance,” when ocean shipping was predominant. The original name of this insurance was modified to “inland marine” as inland shipping methods developed over the years. These days, inland marine insurance is designed to protect your business property when it’s in transit or storage somewhere other than your primary business location. [...]
19
Mar '23
Permanent health insurance in 2023. What is permanent health insurance? Many of us would find it challenging to pay for our outgoings, such as mortgage and rent, if we lost our income due to an illness or accident. That's where permanent health insurance comes in. This insurance type is a long-term policy that ensures a steady income stream until you can return to work or until you retire. [...]
19
Mar '23
What is voluntary life insurance? Types of voluntary life insurance. Standard life insurance can help to protect loved ones, providing financial security in the event of a death and when a main source of income is lost. Voluntary life insurance is a form of life insurance purchased by employers that employees can opt into upon employment. However, most employees must keep the policy active by paying scheduled premiums. This guide will cover how voluntary life insurance can benefit both employers and employees. [...]
18
Mar '23
Business income insurance in 2023. What is business income insurance? Suppose a business suffered a fire and had to stop trading. In a situation like that, the business' revenue may decline or stop altogether. While property coverage will protect the business from physical damage, business income coverage could protect against financial losses when the company cannot operate. Table of contents What is business income insurance? Who can benefit from business income insurance? [...]
18
Mar '23
Guest house insurance in 2023. What is guest house insurance? Running a guest house or a bed and breakfast business can be very rewarding but comes with many risks. The best aspect of running a guest house may be providing a welcoming stay for your guests while being your own boss. With that comes the risks you must consider, from damage to your guest's belongings to faulty freezers or a kitchen fire. [...]
17
Mar '23
Athlete Insurance in 2023. What is athlete insurance? From professional leagues to amateur clubs, all athletes understand the risks associated with their chosen sport. To mitigate the risks they face, athlete insurance is a must. Athlete insurance, also known as sports insurance, is a broad term that generally covers a range of various policies available to protect sportspeople and health and fitness professionals. Successful athletes take accountability for the liabilities they are bound to, both for their health protection and financial security. [...]
17
Mar '23
Restaurant insurance The fast-paced nature of running a restaurant comes with daily risks. From the crowds of customers to busy kitchens, customers, and staff members face many hazards. Owning a restaurant may come with many challenges, but it isn't without its rewards. To protect your business, it's vital to have the right insurance in place. In this guide to restaurant insurance, we will examine the different types available to you and provide the answers you need to make your decision. [...]
16
Mar '23
Drive away insurance Buying a new car and taking it home is an exciting event. With that buzz comes the practical task of sorting out your insurance. For such cases, it’s important to know what drive away insurance is and if you need it. If your new car is uninsured, you could be exposed to significant risk without car insurance or temporary drive away insurance. In this guide to drive away insurance, we will examine all there is to know about this type of coverage. [...]
16
Mar '23
Public house insurance As a public house owner, you have your fair share of work to take care of. Having the right insurance coverage for your business is essential. First and foremost, public house insurance protects the public - your customers, and it should also protect your employees, buildings, and assets. Managing a public house comes with many risks, and there are various coverage types you can choose to protect yourself. [...]
15
Mar '23
Bar insurance As a bar owner, you will have invested a vast amount of money and time into your establishment. Further, your bar's success relies on your local reputation and ability to care for your customers. Without the right bar insurance, you could lose your hard-earned money and reputation in a single accident. To avoid that scenario, you should ensure you are adequately protected. Bar insurance (also known as tavern insurance) is a type of commercial insurance designed to meet the unique needs of bars, taverns, and pubs. [...]
15
Mar '23
Cyprus Digital Nomad Visa The Cyprus Digital Nomad Visa (or Digital Nomad Visa Scheme) was approved in 2021 to establish the country as a hub for electronic service provision. The scheme aims to boost Cyprus’ economic development, attracting digital nomads worldwide to live and work in the country. The non-EU/EEA nationals can temporarily reside and work in Cyprus with this visa scheme, but they can only independently work for persons located outside of Cyprus. [...]
14
Mar '23
Vacant land insurance While homeowners insurance protects against losses at home and covers buildings on a property and personal belongings, it generally does not cover vacant land. That’s why insurance for vacant land is often recommended as a separate policy. Vacant land insurance financially protects landowners against misfortune accidents that could take place on their property. You are at financial risk if you’re a landowner without vacant land insurance. [...]
13
Mar '23
Skydiving insurance Whether you’re planning to make your big jump at home or abroad, it’s essential to have insurance for skydiving. Moreover, you need to know what type of insurance to get. Adequate skydiving insurance and the right coverage will protect you on your next daring adventure. Whether it’s your first time diving or you’re a skydiving pro, you can rest assured knowing you have the right insurance. Skydiving is on many people’s bucket lists, but not everyone knows what insurance they need for the activity. [...]
12
Mar '23
Pub insurance Pubs are a labor of love and require many hands to keep an operation going. Managing a pub comes with everyday hazards and plenty of risks, so pub owners need the right pub insurance coverage to protect themselves. Pubs work with the public, so they require liability insurance and more. Table of contents What does pub insurance cover? Liability insurance for pub Additional pub insurance coverage How do I choose the right pub insurance? [...]
11
Mar '23
Diving insurance Scuba diving is a relatively safe sport these days, especially when practiced within the limits of your training and experience. Still, diving can be hazardous, and accidents can happen. Having the right diving insurance is essential. Not only for your peace of mind, but it can ensure you're covered for the risks associated with your specific diving needs. Overall, scuba diving insurance covers unforeseen accidents that aren't covered under health or travel insurance policies. [...]
10
Mar '23
Public liability insurance for contractors As an independent contractor, having the right insurance and protection for your business is vital, even if you run a small operation. Independent businesses should ensure they have adequate coverage, as liability claims can bankrupt a small business. If you do not have public liability insurance, you run the risk of using your own funds to protect your business. This guide about public liability insurance for independent contractors will examine why you are required to carry this insurance. [...]
9
Mar '23
General liability insurance for independent contractors introduction You may run a smaller operation as an independent contractor, but having the right insurance and protection for your business is vital. Liability claims can bankrupt a small business that doesn’t have the right insurance. Without commercial general liability insurance, you will have to pay out of pocket to protect your business. This guide about general liability insurance for independent contractors will make sure you know your insurance options. [...]
9
Mar '23
Insurance and bonding for contractors Contractor bonds and business insurance protect businesses from financial losses after unexpected events while also helping to win clients. Moreover, prospective clients often prefer doing business with contractors who carry the appropriate insurance coverage. Depending on your industry and business clientele, you could be required to purchase business bonds before being hired. While insurance and bonds vary, both are key to managing your business and mitigating the risks of the industry as a whole. [...]
8
Mar '23
Holiday home insurance Owning a holiday home can generate extra income, but unlike your main residence, your temporary residence may require extra insurance. Holiday homes are prone to theft, weather, and water damage, especially if left unoccupied for long periods. Moreover, holiday homes frequently let out to guests are at a higher risk of damage. To fully protect your property against these risks, having the right type of holiday home insurance is important. [...]
7
Mar '23
Professional indemnity insurance contractors There is a general understanding of the need for construction contractors to carry public liability insurance. However, there often needs to be more clarity about why contractors must also carry professional indemnity insurance. This article will outline professional indemnity insurance for contractors and help to provide answers to your questions. We will clarify the differences between professional indemnity insurance and public liability insurance claims and cover why professional indemnity insurance is important for the construction industry. [...]
5
Mar '23
Home insurance Although all home insurance is different, most policies share similarities and have coverages in common. Also known as homeowners insurance, home insurance covers your home and financially protects your property and personal belongings from covered losses and damages. Whether you are the victim of theft or a fire, a home insurance policy can pay for the costs to repair and replace items or even rebuild your home. [...]
3
Mar '23
Plumbing Insurance Whether you're an established plumbing company or just beginning your career, it's advisable for plumbers to have plumber insurance. Plumbing insurance ensures you are protected against various risks routinely faced by the industry. Both plumbers and plumbing contractors need adequate coverage. Adequate coverage is essential to mitigate the risks you face on the job. One accident or wrong move could result in expensive damages and, at worst, even bankruptcy. [...]
28
Feb '23
Renters insurance Sometimes referred to as tenant insurance, renters insurance can cover theft, bodily injury, damages, and more in a rented property. Whether you rent a flat, house, or even student accommodation, acquiring renters insurance is advisable to protect your home and possessions in case of a covered accident. Table of contents What is renters insurance? Do I need renters insurance? What does renters insurance cover? Renters liability insurance What is not protected by renters insurance? [...]
15
Feb '23
Homeowners insurance Homeowners insurance covers your property, personal belongings, and assets from damages. In the event of covered damages and loss, your policy can also pay for accommodation if you need to stay elsewhere while your house is being repaired or even rebuilt. It can also cover accidents or injuries and pay for legal expenses. A homeowners policy can help pay for events on your property that result in lawsuits for which you may be liable. [...]
17
Jan '23
Landlord insurance If you have properties you rent out long-term, such as a holiday home or second home, you need more than a homeowner's policy. If your property is damaged in an earthquake and you can’t rent it out, landlord insurance can compensate you for loss of earnings, whereas standard home insurance can’t. Landlord insurance includes other landlord-specific coverage, such as tenant default insurance. It protects your rental property in ways that homeowners' insurance cannot. [...]
15
Dec '22
Cyprus residency 2022 Gaining Cyprus residency is more straightforward than you might think. The legal aspects of the immigration process are uncomplicated, and it's possible to gain residency in a relatively short period of time. However, it's important to mention, you will need to know what type of visa you may need to apply for and what documentation you have to provide. To help you throughout the process, we have created this article to cover everything you need to know about Cyprus residency in 2022. [...]
14
Dec '22
Cyprus citizenship in 2023 Cyprus citizenship entitles non-EU/non-EEA and non-Swiss nationals to reside in Cyprus as permanent residents. Once foreign residents have acquired Cypriot citizenship, they can reside in the country with the same rights as Cypriot nationals. Foreign nationals can invest a minimum of 300K into the country's economy to obtain the naturalization rights to reside in the country. The citizenship by investment process makes the foreign national eligible to apply for permanent residency. [...]
13
Dec '22
What is a quote in insurance? An insurance quote is an official or unofficial offer provided by an insurance company. This offer presents the premium (i.e., cost of the insurance) and a short summary of the coverages and the terms of the insurance policy. Prospective policyholders often ask for a quote to gain an idea of the cost of purchasing coverage, and they will often compare prices and coverage options on the market. [...]
21
Nov '22
Cyprus Golden Visa The Cyprus Golden Visa entitles non European Union nationals to reside in Cyprus as permanent residents with zero limitations. To acquire the golden visa the foreign nationals should invest a minimum of 300,000 euro into the country’s economy. In this guide about golden visa Cyprus in 2022, we will cover the following topics and how you can get a Cyprus golden visa. Table of contents: What is Golden Visa Cyprus Cyprus golden visa requirements Golden visa Cyprus benefits [...]
21
Nov '22
Residence permit Cyprus All foreign nationals who want to move to Cyprus have to obtain a Cyprus residence permit or a Cyprus immigration permit. A Cyprus residency permit (for foreign nationals) allows persons traveling to Cyprus to legally reside in the country for longer than a short stay period of 90 days (three months). Before obtaining the Cyprus residence permit, you must get a visa in your country of residence specifying your reason for travel. [...]
18
Nov '22
Immigration permit Cyprus Foreign nationals who want to move abroad to live in Cyprus have to obtain a Cyprus residence permit or a Cyprus immigration permit. A Cyprus residence permit allows persons traveling to Cyprus to legally reside in the country for longer than a short stay (three months). Before obtaining the Cyprus residence permit, you must get visa in your country of residence specifying your reason for travel. [...]
17
Nov '22
Cyprus permanent residency Cyprus Permanent Residency, also known as Cyprus Golden Visa, entitles non-EU citizens and their families to reside in Cyprus as permanent residents with no visa limitations. In this comprehensive guide we will cover the following topics. What is Cyprus permanent residency. Types of permanent residency in Cyprus Cyprus permanent residency by investment Residency with the right to work. Cyprus permanent residency benefits Cyprus permanent residency requirements [...]
14
Nov '22
Cyprus work visa Cyprus has the lowest corporate tax in the Eurozone and is one of European Union’s fastest growing economies. Living and working in Cyprus comes with a host of benefits. If you are a non-EU citizen who wants to work in Cyprus, you must first obtain a Cyprus work visa. Anyone traveling to Cyprus to work has to obtain the legal rights to do so. We will cover what is required of you to obtain a Cyprus work visa in 2022. [...]
9
Nov '22
Temporary Residence Permit Cyprus Any non-EU national who wants to live in Cyprus temporarily has to obtain a Temporary Residence Permit Cyprus (also known as Pink Slip). Before obtaining the permit, travellers must obtain an entry visa suitable for their stay in Cyprus. The type of visa will depend on the purpose of their stay, such as a work visa or a student visa. Once they are in Cyprus, obtaining a temporary residence permit allows the visitors to extend their stay for more than the duration of their visa (90 days). [...]
8
Nov '22
Introduction to building contractors insurance Several types of insurance are designed to protect developers, property owners, and contractors through the many stages of construction projects. In most cases, specific construction insurance policies are required for many of these projects. In the following article, we'll explain what you need to know about building contractors insurance, the common types of policies available to you, and when you might need them. In addition to reading our guide about building contractors insurance, make sure you check out the reputable insurance companies we've listed at the end of this article. [...]
7
Nov '22
Course of construction Course of construction (COC) is a specialized type of insurance policy that is designed to cover "all risks." These risks are typically associated with the hazards, accidents and incidents that might arise during the course of a construction project. Course of construction insurance usually includes various coverages in one policy. Moreover, two specific types of insurance are combined in a course of construction policy. We will cover everything you should know about course of construction insurance in our guide, including who requires this type of policy, and when it is commonly used. [...]
4
Nov '22
Construction all risk insurance As suggested by its name, construction all risk insurance is an insurance policy that covers "all risks." These risks are normally associated with the hazards and incidents that might arise during the course of a construction project. Commonly issued under the joint names of a contractor and the client, or a business and its customer, all risk insurances usually include various coverages in one policy. [...]
3
Nov '22
Introduction to construction insurance Several types of insurance are designed to protect developers, property owners and contractors through the many stages of construction projects. Furthermore, specific types of construction insurance policies are required for many of these construction projects. In the following article, we'll explain what you need to know about construction insurance, the common types of policies available to you, and when you might need those policies. Whatever your reason for researching insurance for construction, make sure you check out the reputable insurance companies we've listed below. [...]
2
Nov '22
Pink Slip Cyprus Any non-EU national who wants to temporarily live in Cyprus has to obtain a “Pink Slip” (also known as Cyprus temporary residence permit). Before obtaining the pink slip, travellers must get an entry visa. The type of visa is dependent on the purpose they have traveled, such as a work visa or a student visa. Once they are in Cyprus, the pink slip allows the visitors to extend their stay for more than the duration of their visa (3 months). [...]
2
Nov '22
Introduction Subcontractors insurance encompasses various business insurance coverages to suit small businesses and subcontractors. Insurance for subcontractors protects against financial losses and debts resulting from serious work-related accidents and emergencies. Our article will examine the following topics: What is subcontractors insurance? Who needs subcontractors insurance? Are subcontractors covered under the contractor’s insurance? What does subcontractor insurance cover? What kind of insurance does a subcontractor need? General liability insurance for subcontractors [...]
1
Nov '22
What is contractors insurance? Overview The smooth running of a construction business doesn’t come without its risks. From large construction projects to minor home renovations, contractor insurance protects businesses from these risks while they do their job. Contractors insurance is an umbrella term that encompasses various business insurance coverages required from a contractor. Overall, contractors insurance is coverage that protects businesses from financial debts that can result from serious work-related accidents. [...]
1
Nov '22
Introduction to electrical contractors insurance Electrical contractors play a key role in our infrastructure, ensuring that homes and businesses have the necessary energy that they need to function. Some people who are drawn to the electrician profession opt to work with an existing business, while others decide to set off on their own as electrical contractors. Whichever role you consider taking or have, understanding the operating costs of running an electrical contracting business is essential. [...]
1
Nov '22
General liability insurance for contractors introduction The smooth running of any business requires the peace of mind which is offered by general liability insurance. In this case, contractors and construction businesses need adequate protection as they face many risks. Whether you're meeting with clients on your business premises or working on a client's home, general liability insurance has you covered. Contractor insurance protects businesses from risks while they do their job, from major reconstruction projects to minor renovations. [...]
27
Oct '22
How long do accidents stay on car insurance? Car insurance premiums may increase as you age and become harder to obtain. However, you should always disclose your relevant information according to the law. Disclosing previous accidents is also necessary, even if this will increase the price of your car insurance. Whether the incident at hand was your fault or not, disclosing the accident may help you further down the road. [...]
27
Oct '22
Introduction. What is twisting in insurance? In short, twisting is the act of inducing or attempting to induce a policy owner to drop an existing life insurance policy. This act is intended to entice the insured to take out another policy that is substantially the same by using misrepresentations or incomplete comparisons of the advantages and disadvantages of the two policies. Insurance policies such as life insurance policies are dynamic and constantly changing to include benefits and more options to make them versatile for policyholders. [...]
26
Oct '22
Does Liability Insurance Cover Theft Overview Does liability insurance cover theft? Unfortunately, many of us have had to ask ourselves that question from experience. It’s bad enough to be at the location where you last parked your car only to find out it’s been stolen. Then, not surprisingly, it’s even worse when you realize you don’t have the type of insurance to cover the loss. We cover more than liability insurance and car incidents such as theft at Pitsas Insurances. [...]
26
Oct '22
Is life insurance worth it? If you currently have life insurance or are weighing up your options, you may wonder if life insurance is worth it. Life insurance can be a worthwhile investment in all circumstances. But there are some exceptions to this rule. A life insurance policy can payout more than many can afford to save in their lifetime. However, life insurance has its disadvantages and may not be the best option for everyone. [...]
26
Oct '22
Overview The face amount in life insurance is the sum equated to the life insurance policy's worth, also known as the death benefit or the face value of life insurance. In short, the face amount is the sum of money owed to your chosen beneficiary when the policy expires. In this article, we will cover face amounts in life insurance. What is face amount in life insurance? Your face value, or face amount, is the sum of money your beneficiaries will be owed at the time of your death. [...]
25
Oct '22
Car insurance refund overview You may be due a car insurance refund and require this information if you changed your car insurance policy, decide to cancel your policy, or if your insurance agent has cancelled or renewed your policy. In this article, we will cover everything you need to know about car insurance refunds. Do you get a refund if you cancel car insurance? In short, yes, you will usually get a refund if you cancel your car insurance. [...]
25
Oct '22
Overview It’s no secret that life insurance companies make money. Insurers make millions of profits on their corporate tax returns year after year. The profitability of life insurance companies often leaves people wondering how they make their money, and the answer to that can be found by examining how life insurance works. Topics included in this article: How life insurance companies make money. How life insurance works. Types of life insurance. [...]
24
Oct '22
What is term life insurance? Term life insurance is a type of death benefit that pays the policyholder’s heirs throughout a specified period. Once the specified period and policy expires, the policyholder can either renew their policy, or convert the policy to permanent coverage. Term life insurance is distinct from life insurance. Life insurance offers different coverage, and it can be a lifetime policy. In contrast, term insurance tends to be shorter-term and is also the most affordable type of insurance. [...]
24
Oct '22
Overview In this article, we will cover voluntary accident insurance in-depth, and group coverage with comparisons between the options of insurance types. The topics we will cover are as follows: What is voluntary accident insurance? Types of voluntary accident insurance. Group Critical Illness Insurance. Group Life Insurance. Voluntary Accident Insurance Cost. What is the difference between group life and voluntary accident insurance? Voluntary Accident Insurance Quotes. What is voluntary accident insurance? [...]
24
Oct '22
Overview When you are searching for a car insurance declaration, we understand you may have questions about the process of finding and deciding which insurance is best for you. In this article, we have covered the most frequently asked questions about car insurance declarations, deductibles, and policies. Topics of discussion are as follows: What exactly is a car insurance declaration page Why you need an insurance declarations page How to get an insurance declarations page What is a car insurance policy What does car insurance cover Is a proof of insurance the same as a declaration page What is a certificate of insurance What is an insurance deductible How to choose car insurance Where to get a car insurance quote What is a car insurance declaration page A car insurance declarations page is a succinct summary of your policy provided by your insurance company. [...]
20
Oct '22
Cyprus student visa If you are a non-EU citizen travelling to Cyprus to study, you will need to apply for a Cyprus student visa and a temporary residence permit. Student visas can be obtained in your home country. You should get a student visa before arriving in Cyprus. This visa will allow you to legally enter and live in Cyprus for 3 months. If your program of study is a long course and lasts longer than 90 days, you must obtain a temporary residence permit after your arrival. [...]
20
Oct '22
Critical illness insurance covers all the illnesses mentioned in the policy. It begins the day the waiting period ends and can be renewed until the maximum renewable age, which is the maximum age beyond which you won’t be able to renew your CI insurance policy. At Pitsas Insurances, we offer two CI insurance policies. The basic plan covers almost all the common illnesses and the premium plan offers coverage for 32 illnesses. [...]
19
Oct '22
Critical illness insurance covers all the illnesses mentioned in the policy. The coverage begins from the disease's diagnosis and includes everything that comes after, including the illness’s treatment, hospital visits, medicine purchases, hospital bills, and more. At Pitsas Insurances, we offer two critical illness insurance policies. The basic plan covers the most common ailments and thus weighs lighter on the pocket. Our premium package is much more comprehensive as it covers 32 different conditions. [...]
18
Oct '22
A fire in the building where your offices are located. A government-mandated closure of the road that clients use to reach your premises. A tree falling on the roof of your office. Such events can force you to temporarily shut down your business and lose income. However, just because you’re temporarily closing your company doesn’t mean you must also say goodbye to the revenue it would have collected during that period. [...]
18
Oct '22
Roofing insurance Roofing contractors face daily risks and various kinds, varying from damages to client property and faulty installations to third-party injuries. Considering their working circumstances, roofing contractors are involved in potentially dangerous situations every day, many of which are not covered under standard insurance policies. As these accidents often result in claims not covered by standard contractors insurance, roofers must have the correct coverage to protect themselves. Furthermore, they will protect their business and their clients from harm. [...]
18
Oct '22
Business interruption insurance can replace lost income when a covered event forces you to temporarily shut down your business. The covered events vary policy by policy, but usually include fire, theft or vandalism, as well as natural disasters such as lightning, wind or water. Business interruption insurance helps you in more ways than one. By replacing the income you have lost by temporarily closing down your business, it helps ensure that the short-term closure doesn’t turn into a permanent one. [...]
4
Oct '22
Contractors public liability insurance introduction Contractor insurance protects businesses from risks known in the construction trade, offering contractors and tradesmen peace of mind to continue doing their work. Contractors public liability insurance has you covered whether you're meeting with clients on-site or working on a client's home. This coverage ensures protection from major reconstruction projects to minor renovations, and it's a necessity for many types of businesses. To be adequately covered, a contractor should have general public liability, workers' compensation, and other customized coverages that we will highlight in this article. [...]
30
Sep '22
Yellow Slip Cyprus EU nationals need to apply for a "Registration Certificate" to live and work legally in Cyprus. This certificate is called "Yellow Slip". It is called "yellow" because it is printed on a yellow paper and it is available to all European citizens who wish to extend their stay in the Republic of Cyprus for specific reasons (working, searching for property etc.). Any national of an EU or EEA member state is considered to be a European citizen for the purpose of the yellow slip application. [...]
8
Sep '22
Cyprus work permit Any non-EU national who wants to live and work in Cyprus has to obtain a Cyprus work permit. Before obtaining a work permit, travelers must obtain an entry visa suitable for their stay in Cyprus. In this case, those seeking employment must travel on a work visa. This comprehensive guide will cover everything related to the Cyprus work permit in 2022, including requirements to obtain a work permit Cyprus and how you can apply for it. [...]
5
Sep '22
Commercial general liability insurance is a form of business insurance that offers coverage against claims of injury, property damage, and illness filed against your organization. It mainly comes in handy to cover claims filed by members of the public against your business. These claims could be as severe as a child hurting themselves with a defective toy you sold. Or they could be as benign as you accidentally spilling tea over a client's laptop. [...]
5
Sep '22
Does insurance cover medical marijuana? The short answer is no. Most insurance companies – whether public or private – won’t pay for medical marijuana recommendations. That means you don’t have much choice but to pay for your medical cannabis out-of-pocket. This might seem confusing given that 37 states have already legalized the use of medical marijuana. But it is true. Cannabis is a Schedule 1 drug at the national level, meaning the federal law handles cannabis as a substance that could be abused or cause addiction. [...]
5
Sep '22
Retroactive insurance coverage refers to cover for services undertaken before the policy start date. It determines the earliest point in time from which the insurance cover applies. Any losses or incidents that occurred before this point won’t be covered by your policy. Having said that, some policies give you the option to purchase retroactive insurance to get a cover for losses incurred before a specific date. Here’s what we’ll discuss in this article: [...]
5
Sep '22
Critical illness insurance covers severe medical conditions and critical illnesses mentioned in the policy. This form of insurance covers everything related to the disease’s diagnosis and treatment, such as doctor visits, medicine purchases, treatment costs, hospital bills, etc. Pitsas Insurances provides two CI insurance policies. Our basic package covers the most common health conditions, including heart attack, cancer, organ transplantation, kidney failure, and more. The premium package covers all these conditions plus 26 more. [...]
31
Aug '22
Purchasing commercial crime insurance should be the top priority of every organization. Especially those in which employees handle financial transactions and records. Or in which employees are trusted with copyright material, valuable client property, and sensitive documents. A commercial crime policy protects organizations against various crimes, such as employee dishonesty, computer fraud, ransom or extortion, cyber-attacks, counterfeit money, and more. Having commercial crime insurance could thus help companies avoid potentially huge losses. [...]
8
Aug '22
1.The Categories of the Funds Savings funds in Cyprus can be classifed into three categories according to the level of risk they entail: Conservative - Low-risk funds Moderate - Medium-risk funds Aggressive - High-risk funds 1.1. Low-Risk Funds Low-Risk Funds are the most popular option in Cyprus, since they mostly invest on saving or investment products that carry low investment risk, such as cash funds, certificates of deposits, government bonds of western economies (>AA+) and corporate bonds from big companies (blue chips). [...]
8
Aug '22
1. Introduction Savings insurance and private pensions are the only non-government saving plans accepted by the Cyprus tax authorities as being valid tax exemptions. All owners of companies that are tax residents of Cyprus, as well as highly paid employees registered in the Cyprus Social Insurance system, can benefit from the exemptions. Apart from offering significant tax deductions, a private pension can ensure a lower risk and a higher net return compared to certificates of deposits. [...]
8
Aug '22
A tax calculator is based on the following principles: ● The sum of tax reductions (namely, social insurances, savings insurance premiums, GHS - GESY contributions etc.) should not surpass 20% of income. ● In the case of natural persons, savings insurance should come with an obligatory life insurance. As an approximation, the insured capital should be at least 13 times the insurance premium (e.g. if the premium is 10,000, the insured capital should be at least 130,000 euro). [...]
8
Aug '22
Bank deposits’ interest in Cyprus is subject to a 30% yield tax called special contribution for defence. The yield of bank deposits is either negative or very close to zero due to the expansionary monetary policy of the European Central Bank (ECB). Inflation skyrocketing in 2022 will force the ECB to raise the basic interest rate to over 1%, but this is not expected to also significantly increase the savings interest rates of bank notes. [...]
8
Aug '22
The main terms and conditions of savings insurance plans are mentioned below in brief. 1.The minimum insurance premium is 35 euro on a monthly basis and the minimum insured capital is €1,000. 2.In case the company is insured, the contract has €1,000 as the minimum insured capital amount. 3.Savings insurance can be paid annually (via bank transfer) or on a monthly basis using direct debit. 4.The maximum age acceptable for signing a contract is 70. [...]
8
Aug '22
1. The benefits 1.1. Reduced risk - Risk diversification Savings Insurance manages a particularly successful risk diversification, such that no independent investor could accomplish alone. Savings insurance funds place investors’ assets in multiple certificate of deposits in triple A banks institutions in the USA, Germany, UK and Switzerland. Funds of a clear investment nature invest investor’s money on bonds and stocks from different industries and countries. This practically means that the safety of the contracting party’s savings does not depend on the credit rating of any individual organisation, industry, or country. [...]
21
Jul '22
The word ‘marine’ in marine cargo insurance is a misnomer. It indicates to the uninitiated that this type of insurance only covers goods transported by water. Where in reality, marine cargo insurance covers goods being shipped by sea, air, road, or any other mode of transportation. Marine cargo insurance is a must-have for cargo owners, shipping corporations, and ship owners to protect their interests. Furthermore, in most cases, the export contracts require the exporter to obtain marine cargo insurance. [...]
20
Jul '22
Personal accident insurance is a type of insurance that offers you financial compensation should you suffer an accident that leads to injury, disablement, or death. One of its main benefits is that it is applicable everywhere in the world, meaning that unlike many other types of insurances, you will be covered no matter where the accident happens. Three types of events are covered by personal accident insurance. These include temporary disability, permanent disability, and death. [...]
21
Jun '22
What is a car insurance deductible? It is the amount you must pay whenfiling an insurance claim. For instance, if your standard deductible is €400 and your repair bill is €3,000, you’ll have to pay €400, with the insurance company paying the remainder. Bear in mind that the deductible only applies under certain conditions. For instance, you must pay it when you or someone who is covered by your insurance is driving your vehicle, and you or they have caused the accident. [...]
15
Jun '22
What is travel insurance? It is a type of insurance that offers financial protection against different risks associated with traveling. It covers medical emergencies, flight cancellations, lost luggage and various other losses that anyone can incur while traveling. [Travel insurance](https://www.pitsasinsurances.com/en/article/travel-insurance-general-info/) usually kicks off from the day you begin your journey and ends the day you have reached your destination. You can purchase travel insurance policies for domestic as well as international trips. [...]
18
May '22
MetLife Pet Insurance offers multiple perks to attract pet parents. It places no restrictions on eligible breeds, covers dogs and cats 8 weeks and older, and offers 100% reimbursement. Best of all, the accident coverage begins at midnight the day you sign up for the policy. On the flip side, treatments or services provided outside the United States aren't covered. This might worry pet parents who regularly travel internationally. Also, unlike some of its competitors, it doesn't provide a plan for unlimited annual benefits. [...]
18
Mar '22
What is business insurance? Business insurance is a product with which you can preserve your capital and continue operations without financial loss. Suppose you've created your life's work, built up a good customer base, and are creating competition for other companies. In that case, it's worth taking care that it doesn't collapse in an instant due to unforeseen circumstances. Of course, many young entrepreneurs try to save their own money and don't believe there could be a fire, an accident, or someone cheating on their money. [...]
10
Mar '22
Are you aware that someone may be trying to steal your personal information? Like your first name, last name, photo, date of birth, address, etc. All the things you have written on your passport. And also, your school and class number. Well, in general, anything that allows you to identify a person. Why would they need that? Well, for example, attackers can create a copy of your page on social media and write different comments on your behalf, or even take out a loan, spend the money, get away with it, and leave the loan upon you. [...]
29
Dec '21
Markel was founded in 1930 and has its headquarters in Richmond, Virginia. It is one of the largest reinsurer companies in the world with core business the provision of insurance services to IT companies. In 2018 the company’s total operating revenues surpassed $6 billion while its invested assets were $19.2 billion in the same year. It has 80 offices in 18 counties and employs 17, 400 associates. Markel is listed No. [...]
28
Dec '21
Business insurance is a comprehensive insurance contract that protects a company from losses and damages that may arise in the course of its business activities. This article is available in Russian at the following link: Что такое бизнес-страхование? Pitsas Insurances Cyprus, Limassol
22
Dec '21
Critical illnesses are life-threatening illnesses that can cause significant damage to your life and health, Critical illness insurance offers you financial compensation if you are diagnosed with a medical condition or critical illness covered under the policy. It is a tax-free, one-time lump sum payment that covers your entire treatment, should you need it. When purchasing a critical illness policy, you must decide for how long the cover will last. [...]
21
Dec '21
Cyprus health system is divided into the public and private sectors. The public health insurance system is regulated by the Ministry of Health and is funded by taxes. Pitsas Insurances Cyprus, Limassol
21
Dec '21
Investment insurance is life insurance with an excellent opportunity to manage your savings by investing yourself. By choosing this life insurance, you take care of your loved ones and save for the future, making investments when the investment risk falls on you. Pitsas Insurances Cyprus, Limassol
20
Dec '21
Since 2014, Pitsas Insurance has been preparing analytical reviews that present the main life insurance products in Cyprus in comparison with the corresponding programs taking place in foreign countries. This article is available in Greek and Russian. Pitsas Insurances Cyprus, Limassol
14
Dec '21
This article is available in Russian at the following link: Интересные факты о страховании жизни и здоровья Director of Pitsas Insurances, Antonis Theofanus December 14, 2021 Limassol, Cyprus
7
Oct '21
For more than 15 years, ALC Health has been looking after the health of individuals, families and multinational companies across the world with a range of flexible and innovative international health insurance plans. The company combines a wide range of language skills with an extensive knowledge of regional cultures thus providing local knowledge and global support expertise to its clients in more than 140 countries. It specializes in international medical insurance, assistance services, expatriates, and travel insurance. [...]
7
Oct '21
Aetna is a healthcare insurance company that was founded in 1853 in Hartford, Connecticut and sells health care insurance and related services. The company's network includes 22.1 million medical members, 12.7 million dental members, 13.1 million pharmacy benefit management services members, 1,200,000 health-care professionals, over 690,000 primary care doctors and specialists, and over 5,700 hospitals. For the last 25 years, Pitsas Insurances has been effectively promoting Aetna’s Group Medical Insurance in Cyprus, thus offering its clients access to high-level medical services. [...]